Struggling to pay mortgages

Struggling to pay mortgages. Canada Vancouver – A shocking number of first-time home buyers are having trouble making their mortgage payments. The latest survey by Canada Mortgage and Housing shows one in four are worried about them. It finds that 80 per cent of more than 4,000 home buyers polled still believe property is a …

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Mortgage applications tank

Mortgage applications tank. USA – The Columbus Day holiday may have closed some lending offices, but rising interest rates are more likely the culprit for weakness in the mortgage market. Total mortgage application volume fell 7.1 percent for the week, according to the Mortgage Bankers Association’s seasonally adjusted report.   Volume was 15 percent lower …

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